G20 Summit 2023 - Venue, Date, Logo and Theme

The upcoming G20 Summit in Delhi is scheduled to take place on September 9. This two-day summit will bring together representatives from member nations as well as guest nations.

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Throughout the summit, participants will engage in comprehensive discussions concerning various economic reforms. The summit’s culmination will involve the adoption of a G20 Leaders’ Declaration. This declaration will encapsulate the discussed priorities and agreements reached during the meetings. As the capital city prepares to host this international summit next month, let’s delve into the details of the G20 Summit.

G20 Summit Location & Venue

The G20 Summit is scheduled to take place at the ‘Bharat Mandappam’ within the ITPO Convention Centre, located in Pragati Maidan, New Delhi. The summit is slated to occur on September 9 and 10. Apart from the main summit venue, international delegates are expected to visit prominent sites within the national capital, such as Rajghat, IARI Pusa, and NGMA (Jaipur House).

G20 Summit Schedule

September 3-6: 4th Sherpa Meeting
September 5-6: Finance Deputies Meeting
September 6: Joint Sherpas and Finance Deputies Meeting
September 9 – 10: Meeting of Ministers at the G20 Summit
September 13-14: 4th Sustainable Finance Working Group Meeting in Varanasi
September 14 – 16: 4th Meeting for the Global Partnership for Financial Inclusion in Mumbai
September 18 – 19: 4th Framework Working Group Meeting in Raipur.

G20 Summit 2023 Theme

The theme of India’s G20 Presidency is “Vasudhaiva Kutumbakam” or “One Earth · One Family · One Future,” taken from the ancient Sanskrit text of the Maha Upanishad. This theme highlights the value of all forms of life – humans, animals, plants, and microorganisms – and their interconnectedness on Earth and in the wider universe.

The theme also emphasizes LiFE (Lifestyle for Environment), promoting environmentally sustainable and responsible choices at both individual and national levels. It aims to inspire globally transformative actions that lead to a cleaner, greener, and more sustainable future.

G20 Summit 2023 Logo

The G20 Logo takes inspiration from the vibrant colors of India’s national flag: saffron, white, green, and blue. It combines the image of planet Earth with the lotus, India’s national flower, symbolizing growth amidst challenges. The Earth represents India’s pro-planet approach, emphasizing harmony with nature. Below the G20 logo, the word “Bharat” is written in the Devanagari script.

The logo and theme of India’s G20 Presidency send a strong message about the country’s commitment to fostering fair and balanced global growth. Amidst challenging times, India aims to pursue sustainable, responsible, and inclusive development for all. The logo and theme reflect India’s unique approach to living in harmony with the environment and embracing a holistic perspective.

India’s G20 Presidency also marks the beginning of “Amritkaal,” a 25-year period that starts from the 75th anniversary of India’s independence on August 15, 2022, and leads up to its centenary. During this time, India envisioned a futuristic, prosperous, inclusive, and developed society, with a focus on human well-being at its core. The G20 Presidency is an important step towards realizing this vision.

What is G20?

The G20, or Group of Twenty, is an international forum consisting of 19 countries and the European Union. It brings together the world’s major economies to discuss and coordinate global economic issues. The members of the G20 represent around 80% of the world’s GDP and two-thirds of the global population.

Background

The G20 was established in 1999 to provide a platform for Finance Ministers and Central Bank Governors to discuss global economic and financial matters, especially after the Asian financial crisis. It later evolved into a forum for Heads of State and Government in response to the 2007 global economic crisis, becoming the main forum for international economic cooperation.

The G20 holds an annual Summit, led by a rotating Presidency. Initially, it primarily focused on macroeconomic issues, but over time, its agenda has expanded to cover a wide range of topics. This includes trade, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption.

Objectives

The primary objective of the G20 is to promote global economic growth, financial stability, and sustainable development. The forum provides a platform for leaders to address key challenges facing the global economy, such as trade, investment, employment, and climate change. Discussions within the G20 cover a wide range of topics, including macroeconomic policies, financial regulation, energy, and development.

The G20 holds annual summits where heads of state and government from member countries gather to engage in high-level discussions and make joint decisions on policy matters. Additionally, there are meetings at the ministerial and working group levels throughout the year to focus on specific issues and prepare recommendations for the leaders.

The G20 operates on the principle of consensus, aiming to achieve cooperation and coordination among member countries to address global economic challenges effectively. It also collaborates with international organizations, such as the International Monetary Fund (IMF) and the World Bank, to leverage their expertise and support the implementation of agreed-upon policies.

India’s G20 Presidency 2023

The New Delhi Leaders’ Summit, scheduled for September 9-10, 2023, will mark the 18th G20 Heads of State and Government Summit. This summit serves as the culmination of various G20 processes and meetings that have taken place throughout the year, involving ministers, senior officials, and civil societies.

During the New Delhi Summit, the G20 Leaders will adopt a declaration that reflects their commitment to the priorities discussed and agreed upon during ministerial and working group meetings. This declaration, known as the G20 Leaders’ Declaration, will serve as a testament to the Leaders’ dedication toward the agreed-upon goals and initiatives.

Special Invitees this Year

Bangladesh
Egypt
Mauritius
Netherlands
Nigeria
Oman
Singapore
Spain
United Arab Emirates (UAE)

Shubham Mittal

Shubham Mittal is a renowned current affairs writer and expert in government exam preparation, inspiring readers with insightful articles and guiding aspirants with his expertise.

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